Market Notice 2026.001.ISWAPUKMTF

The purpose of this Market Notice is to advise that the iSwap GBP Market Maker Programme has been renewed with effect 1Jan26 and will run till 31Dec26.  The terms remain unchanged.

iSwap UK MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Venue Rulebook, Rate Card or iSwap GBP Market Maker Programme Rulebook.

Please direct any questions regarding this Market Notice to:

Email: i-swap@icap.com

Post:

iSwap Euro Ltd
TP ICAP Group plc
135 Bishopsgate
London
UK
EC2M 3TP

Please note that the rate card for Section 1.11: Rebalance FI - Optimisation Trading System Fees has been updated. The API discount of 50% has been extended to all venue participants trading investment grade and high yield bonds for another year. 

The venue has also introduced a new incentive scheme to reward the top participant in
volume traded across both investment grade and high yield bonds in emerging markets with a 25% discount.

The updated rate card takes effect from 1st January 2026.

TP ICAP UK MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the TP ICAP UK MTF Rulebook.

Please direct any questions regarding this Market Notice to: 

Email: tpicapukmtfoperator@tpicap.com

Post: TP ICAP MTF Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

Please note that the CEEMEA Government Bonds rate card for the TP UK OTF has been updated and takes effect from the 23rd December 2025. 

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom

Please note that effective from December 19th 2025, ICAP EU OTF Rate Card has been updated with details regarding rate changes for CEEMEA Government Bonds. For more information, please visit website:

ICAP EU OTF Venue Page

Capitalized terms used in this Market Notice shall have the meaning ascribed to them In the ICAP EU OTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email:
ICAP EU OTF

Postal address:

TP ICAP (Europe) S.A.,
42 rue Washington
75008 Paris
France

London, 15 December 2025 - ICAP, part of TP ICAP Group, a world-leading financial services company, is pleased to announce that it raised £5.7 million on its 33rd annual global Charity Day, held yesterday.

A host of celebrity guests, including Stormzy, Keanu Reeves, Dame Emma Thompson, Orlando Bloom, Colin Farrell, Emma Bunton, and John Terry attended ICAP Charity Day in London and New York on Thursday, 11 December. The global event took place across every ICAP office worldwide, with 100% of ICAP’s revenues and its brokers’ commissions donated directly to a select group of charitable causes.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said:

“I am thrilled that this year’s ICAP Charity Day raised £5.7 million, bringing the total amount raised to more than £175 million since its first edition in 1993. The money raised will make a meaningful difference to all the extraordinary charities we are so pleased to be able to work with.

Today’s fantastic total is only possible thanks to the ongoing support of our clients, colleagues, and our charity partners’ distinguished celebrity ambassadors. I appreciate enormously their goodwill and commitment, which make ICAP Charity Day a truly special event.”

ENDS

About ICAP Charity Day
ICAP Charity Day was founded in 1993 to grow the firm’s charitable giving programme. It represents a pioneering fundraising initiative that has made a significant and lasting positive impact worldwide. Now in its 33rd year, ICAP Charity Day has raised more than £170 million to date, which has been donated to more than 3,100 charitable causes around the world, directly supporting more than 7.7 million people.

Made possible through ICAP’s position at the heart of global markets, the company and our brokers together give 100% of one day’s revenue to a select group of charities globally, guaranteeing a material donation to fund specific projects and initiatives.

More about the positive impact that ICAP Charity Day has made on the different projects which it has supported since its inception, together with additional background information can be found at: www.icapcharityday.com

About TP ICAP Group
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries.

Media Contact 
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com